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KTLCC Finance Update
Following the completion of the external audit of the Church’s accounts for the financial year ended 30th September 2020, we are delighted to be able to present a short financial update setting out some of the financial highlights.
Thank you for your faithfulness and generosity in your on-going financial support, particularly during the Covid-19 pandemic, and for adopting the methods of giving that have been available to us during this time. As a result, we are pleased to report that general giving has remained consistently strong throughout the year. Your faithful generosity provides the financial foundation on which KT is able to minister in reaching London and the World for Christ. In addition to general giving, you have generously supported KT’s missions led by our Senior Minister, Sword of the Spirit training, the KT Food Hub, and the Naomi Children’s Fund.
KT tithes on its general income. Just under half of the church’s financial resources are then invested in the ministries of personnel who serve to facilitate the broad array of the church’s ministry activities. Ministers and staff are supported by several hundred very talented and committed members who volunteer thousands of hours in cell ministry, during services, on encounters and in many other ways. Approximately a quarter of the church’s resources are utilised in financing and running the church’s properties, which serve to accommodate and facilitate much of the church’s ministry activities.
Cost reductions were made as soon as lockdown restrictions were introduced, with particular emphasis on travel, events and publications. Overall, the 2019/20 financial year shows a surplus of 1.9%. We give thanks for this remarkable achievement, particularly given the severity of the restrictions that the church has operated under during the second half of the financial year.
Kensington Temple London City Church comprises a network of 26 churches that operate alongside KT across Greater London and beyond. Their accounts are consolidated at KT and they make a very valuable contribution to the finances of the Church as a whole.
Audit, governance and compliance
Kensington Temple is part of the Elim Foursquare Gospel Alliance (Elim), registered charity 251549. Further details, including those of KT’s annual external audit, can be found in the financial update.
[1 minute read] So the apostle Paul tells us in Romans 12, and we do. Especially the week we rejoice with Roberts Liardon as we see how the Lord has been working in the life of his mother, Carol.
[1 minute read] AKWAABA! Welcome! Ghanaians are known worldwide for their hospitality and joyful spirit. This is reflected when you see us singing and lauding God, and especially so at KTLCC. Click for pictures!
[2 minute read] The Kingdom of God is not merely physical, or even social, but supernatural. The work of God and the Good News of Jesus Christ continue to advance and spread during the coronavirus restrictions. Over the past six months effective use of Alpha seen the Gospel shared within KT, across the LCC Network and beyond in several countries.
[2 minute read] A year ago as the country went into lockdown and many people were left – almost overnight- without vital support, the KT Food Hub launched.
[2 minute read] Jesus told his church to be salt and light in the world. That is, to penetrate society with the healthy influence of our salt-like presence, and to illuminate society’s thinking with the light of gospel values.
[3 minute read] The bride in the Song of Solomon felt bad she had not taken enough care of herself, and the wedding day was just around the corner!
[3 minute read] For Tubo and Vanessa 2020 was a tumultuous year as they went from news of miscarriage to the birth of their second child – all during the Covid-19 lockdown.
[4 minute read] In his message Pay Attention to Prophecy Colin Dye explained that personal prophecies can be helpful and encouraging as you seek to follow God’s will for your life.
[3 minute read] Congratulations to all parents who are currently home-schooling, whether you are working from home or not, because home-schooling isn’t easy at all.
[2 minute read] Cell church is church without walls. People are reached right where they are. Christian witness happens in the market place and not just in the meeting place. Beginning with the obstacle of building-bound church, barriers between us and the lost are broken down and removed. The cells build bridges for the community to see Christ in action.
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